Yearly Archives - 2022

Markets flat but trillion dollar losses for 5 tech stocks this year

21 Dec 2022 - Stocks rose Tuesday as Wall Street shook off a surprise move from the Bank of Japan that sent global bond yields up. It’s been a rough year for stocks, from the market’s yearly high on January 3 to this morning, US stocks have shed $11.7 trillion in market cap and of the $11.7 trillion, more than $5 trillion in losses come from just five companies - Apple, Microsoft, Amazon, Alphabet, Meta and Tesla.

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Markets fall on recession fears as Musk votes himself out of Twitter

20 Dec 2022 - Stocks fell Monday as recession fears mounted and investors worried time is running out for a year-end rally. The Federal Reserve, European Central Bank and the Bank of England each pushed interest rates higher by ½ of 1 percent last week, a step down in the previous pace of increases. However, they stood firm on their plans to continue their attempts to slow rising prices, with the ECB saying “inflation remains far too high”. Their...

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Persistent wage inflation sparks fears of recession

19 Dec 2022 - Stocks dropped Friday, building on their year-end sell-off, as fears grow over a recession taking place as the Federal Reserve continues raising rates. Market observers are now focused on future jobs reports into 2023 , as the labour market has grown in significance following Federal Reserve Chair Jerome Powell’s most recent press conference. The Fed chair cited the persistence of wage inflation, even as inflation in goods and shelter appear to be slowing down.

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